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Wednesday, July 15, 2026 12:50 GMT
Yemen has issued a threat to close the Bab al-Mandeb Strait if Saudi Arabia continues its strikes on Yemen’s infrastructure, warning that such actions could push oil prices to US$200 a barrel. This development is part of the ongoing conflict involving Yemen’s Iran-backed Houthi rebels, Saudi Arabia, and the United States, which has escalated due to the broader US-Israel–Iran war. The Bab al-Mandeb Strait is a critical maritime chokepoint, managing approximately 20% of global oil shipments....More